WHEAT: WORLD MARKETS AND TRADE
Wheat prices surged the first half of November,
but have fallen slightly from the mid-month
peak. Technical market factors, rather than
fundamentals, continue to influence prices.
Hard Red Winter (HRW) and Soft Red Winter (SRW)
jumped the most this month by $26 (to $227/ton)
and $24 (to $216/ton), respectively. Hard Red
Spring (HRS) increased $3 to $267/ton, with
price quotes unavailable for 2 weeks in October.
White Wheat gained $9 to $202/ton.
TRADE CHANGES IN 2009/2010
is cut 1.0 million to 5.0 million tons on the
slow pace of imports.
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